Oh yes this developer like so many others must have known that this would bite them in the arse . 👿
Still wont stop em trying to get these fees back though 😈
At the moment I am not concerned YET as this development is looking good but for how long if the courts take years to sort out.
Thankfully a few more appear to be completing but this only takes slight pressure off the developers or Banks.
This thread was started to put forward an issue that many feel it may not be of concern to them.
Reading on some of the threads real horror stories of developments being left to go to ruins.
Years to come they have to decide to complete on these developments,loose their deposits or pay anyway to help bring the developments up to scratch.
Now why do I feel that some residence who have been paying for years may feel none to happy having to fork out extra to make up for the shortfall in revenue.
Pauls posting regarding taking of property may be common in the future.
Another nightmare which I am sure will form further threads in the future while the innocent continue to get kicked around at will.
Talk about commercial suicide it beggers belief 😈